Shares of Amazon.com, Inc. (NASDAQ:AMZN) closed 1.55% lower on Monday. The stock has so far gained over 48% since the beginning of the year. In comparison to some of the other tech stocks, the retail giant’s shares have shown relative resilience in the recent market correction in the aftermath of the Federal Reserve’s June policy announcement. The central bank had indicated it could hike rates by another 50 basis points this year, sparking fears of a potential downturn.
Under these circumstances, here’s a look at the options market outlook to figure out crucial trading levels for the stock:
